|D-FW homebuilders started more than 4,500 |
homes in the fourth quarter. (Steve Brown)
Builders started 4,514 houses in the Dallas-Fort Worth area in the final three months of 2013 – about the same number as in fourth quarter 2012, Residential Strategies reported Thursday.
Fourth quarter starts – held in check by weather and labor constraints – were at the lowest point in two years.
At the same time, buyer demand rose 16 percent from a year ago with 5,218 completed new home sales, the housing analyst reports. Quarterly sales totals for the D-FW area were the highest since before the recession.
“Some builders reported mixed results with regard to buyer traffic and sales early in the quarter” said Residential Strategies’ principal Ted Wilson, “But generally most builders shared with RSI that their overall sales results remained positive for the quarter, especially at the higher price points.”
D-FW home starts are now almost 60 percent ahead of where they were at the worst of the recession in mid 2009.
But with 20,778 home starts in all of 2013, builders have a long way to go before the market is back to where it was in 2006 when almost 50,000 new houses were started in the area.